241 E Bennett

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241 E Bennett

Wildwood, NJ 08260
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Wildwood, New Jersey.
  • The property at 241 E Bennett features two separate units.
  • Cape May County location benefits from consistent regional tourism demand.
  • Small-scale asset suitable for residential or short-term rental strategies.
  • Positioned within an established coastal housing and vacation market.

What's Special

Wildwood serves as a prominent destination within the southern New Jersey shore region, benefiting from a robust seasonal tourism economy and consistent regional demand for coastal housing. This multifamily apartment building, situated at 241 E Bennett, provides a stable asset base in a market characterized by both vacation-oriented residences and year-round local population. The property consists of two individual units, offering a straightforward management profile for investors seeking a foothold in the Cape May County submarket. Given the configuration of the building, the asset is suitable for an investor looking to diversify a portfolio with small-scale residential holdings or for an operator focusing on seasonal short-term rentals. The location allows for access to the broader Wildwood community infrastructure, supporting long-term value retention in a high-demand seaside environment.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times